Digitization: A Required Transition
All the world is increasingly dependent upon the little 1s and 0s that have become essential to the way we live and work. If you look back, you will see digital electronics really began in the late 1950s and saw a huge spike in the late 1970s as digital equipment began to experience widespread adoption. It continues to rapidly grow and evolve to the present day. Many say that continued movement to the 1s and 0s environment is accelerating with no slowdown in sight. All that transition and change has been given the term digitization.
Digitization is the name associated with the application of digital technology (1s and 0s) in all aspects of society including business. It is the giant evolutionary step from mechanical systems and capabilities, as well as the analog electronic technology to the 1s and 0s of digital electronics that is currently underway. It is the ongoing process of converting analog signals/systems and/or information of any form into the digital format that is understood by computer systems or other types of electronic devices. It is also the modernization of business processes to take advantage of digitization.
Digitization is not new. In fact, it is well underway. Each and every day, the world in which we live and work becomes more digitally dependent. That trend has no end in sight and futurists are having a field
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